09.11.2019 - Mayer’s World Economy

by Thomas Mayer

Many claim that weak growth and high savings have made the interest rate disappear. The truth is that the central banks are to blame.

06.11.2019 - Macroeconomics

by Thomas Mayer

The desire to avoid credit and investment boom-bust cycles has led some to advocate replacing money creation through bank credit extension with direct money issuance by the central bank or a private entity, or linking money to an existing asset.

31.10.2019 - Economics, Politics & Philosophy

by Norbert F. Tofall

If the negative dynamics of the erosion of the market and the rule of law are not broken, further social and political polarizations will result. Election results, as in Thuringia, are only the beginning.

04.11.2019 - Society & Finance

by Marius Kleinheyer

Since the financial crisis, investors and central banks have increasingly focused on the price of gold again. This development reflects the loss of confidence in the international monetary order and the underlying credit money system.

30.10.2019 - Macroeconomics

by Thomas Mayer, Gunther Schnabl

In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth.

24.10.2019 - Macroeconomics

by Thomas Mayer

In this paper I summarise my proposal, which has appeared in various publications, to relaunch the euro as digital central bank money.